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Juliet Cartolano
Mobile Phone:
310-429-2015
julietcartolano@gmail.com

DRE# 01427374
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Juliet Cartolano
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Mobile Phone:
310-429-2015
julietcartolano@
gmail.com

DRE# 01427374
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4575 Maplewood Avenue,  Los Angeles CA, 90004 (Residential Income)

Status: Sold
MLS#: 18332154
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Last Updated: 12/14/2018 12:59 AM
Description for 4575 Maplewood Avenue Los Angeles, CA 90004
The Maplewood Apartments at 4575 Maplewood Ave. This prominent mid-century design was built in 1961 and has been in the hands of the sameowners for 40 years. The unit mix at the 8,616-square-foot property (on a 7,550 square-foot lot) is two studio units, two one-bedroom/one-bath units, and six two-bedroom/one-bath units. With virtually no updates or renovations done on the building, The Maplewood Apartments represents a blank slate for a renovation-minded investor. The purchaser has the ability to remodel and update the units to attract higher-paying tenants who are moving to Koreatown for its hip vibe, cultural diversity, and walkability. The Maplewood Apartments is situated in LA's Koreatownneighborhood. This area north of Beverly Blvd and south of Melrose Ave. was previously overlooked by developers and apartment hunters. Now there are new numerous construction projects being built and proposed.
Price
Sold Price:
$2,100,000
Sold Date:08/06/2018
Los Angeles
18332154
Closed
Description
The Maplewood Apartments at 4575 Maplewood Ave. This prominent mid-century design was built in 1961 and has been in the hands of the sameowners for 40 years. The unit mix at the 8,616-square-foot property (on a 7,550 square-foot lot) is two studio units, two one-bedroom/one-bath units, and six two-bedroom/one-bath units. With virtually no updates or renovations done on the building, The Maplewood Apartments represents a blank slate for a renovation-minded investor. The purchaser has the ability to remodel and update the units to attract higher-paying tenants who are moving to Koreatown for its hip vibe, cultural diversity, and walkability. The Maplewood Apartments is situated in LA's Koreatownneighborhood. This area north of Beverly Blvd and south of Melrose Ave. was previously overlooked by developers and apartment hunters. Now there are new numerous construction projects being built and proposed.
Listing Information
Property Type: Cluster, Other
0.17 Acres 7,550 sq.ft. $243.73
1961
10 Total
Neighborhood
Room Information
Interior Features
Garbage Disposal
Exterior / Lot Features
LAR3
Driving Directions
Property is located North of Beverly Blvd, South of Melrose Ave and East of Western Blvd.
Financial Considerations
5521010013
,$61,034
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90004 has a population of 3,971,883.

The median household income in Los Angeles, California 90004 is $49,682. The median household income for the surrounding county is $55,870 compared to the national median of $53,482. The median age of people living in Los Angeles 90004 is 34.6 years.

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Courtesy: Peter Strauss - Iconic Investments
Licensed in: DRE# 01335696
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